GOVERNMENT PARASITES--THY NAME IS BIDEN
Joe's brother James Biden and wife at Obama White House event
Looks like Obama liked his cut of the Biden deals.
Getting to attend a WH state dinner ---mean you paid BIGTIME.
TRAC Development, a South Korean firm won the master contract for Biden's Iraq work.
M/M James Biden were guests of Pres at a lavish WH state dinner honoring.....(wait for it).....
South Korea's president, Lee Myung-bak. Obama rewarded all the players in this govt scheme.
================================================
Bidens Corruption Problem
Powerline ^ | Aug. 2, 2019 | John Hinderaker
FR Posted on 8/3/2019, 9:54:14 AM by libstripper
Joe Biden is being portrayed as the Democrats safest potential presidential nominee, despite his obvious flaws as a candidate. But one wonders how Bidens history of swamp corruption will play if he actually faces the scrutiny of a national run. Bidens family has gotten wealthy, like those of so many low-paid public servantsTom Daschle and Harry Reid are obvious examples. How does that happen? Politico headlines: Biden Inc. Over his decades in office, Middle-Class Joes family fortunes have closely tracked his political career.
It begins: (Excerpt) Read more at powerlineblog.com ...
=================================
ITEM Joe Bidens younger brother James received a series of unusually generous bank loans during the 1970s, while the former vice president served on the Senate Banking Committee. Politico reported that James Biden, who has a history of murky financial dealings, was able to parlay his role as the chief fundraiser for his brothers 1972 Senate run into the startup capital required to open a nightclub. The loans were considered unusually generous given that the younger Biden was a salesman without any business experience and purportedly had a net worth of less than $10,000 at the outset of the venture in 1973. Another key component of the story, which was widely covered by local media in Delaware and Pennsylvania at the time, is that the loans appeared to draw concerns over influence peddling, as Joe Biden had just been appointed to the Senate Banking Committee. (Excerpt) Read more at breitbart.com
ITEM Here's the real James Biden windfall ----- billions awarded for Iraq reconstruction.
CIRCA 2012 Crony capitalism & Joe Bidens brother
SOURCE https://nypost.com/2012/10/23/crony-capitalism-joe-bidens-brother/
By Charles Gasparino, NY POST, October 23, 2012
James Biden isnt a big name in the business of residential housing development, so what exactly qualifies him to work at a construction company and share in the winnings of a $1.5 billion project to build affordable homes in Iraq? If you said it has something to do with his last name, the one shared by his older brother Vice President Joe Biden, you wouldnt be far off. At least thats the guess of some Wall Street analysts who cover the Marlton, NJ-based company Hill International and think theyve seen yet another sordid tale of crony capitalism.
Hill has been around for decades; its main business is managing construction projects in the Middle East and here in America. Its built a good reputation over the years, as has the father-son team who run it, Irv and David Richter. But the bursting of the real-estate bubble took its toll; Hill shares are down 80 percent since 2008. Since 2011, the company has reported losses. Its Middle East business has also been stymied by the Arab Spring uprisings; in Libya alone, Hill is out $60 million in payments that its still trying to recover.
But it got some good news not long after its housing subsidiary hired James Biden as an executive vice president in late 2010. Just six months later, Hill won one of its biggest contracts ever, a $1.5 billion deal to build at least 100,000 affordable homes in Iraq. A good deal for Hill, a relative newcomer to building homes and for James Biden, who as one partner will get a good share of that $1.5 billion.
The deal is contingent on the Iraqi government providing financing, which it has yet to do, but Hill execs tell analysts the money could start flowing by the end of the year. Thats when everyone involved, James Biden included, will start collecting on tens of millions of dollars in profits.
One friend of James Bidens estimates his net worth at around $7 million, yet he seems to have a remarkable lack of concrete business experience. An attorney whos done work for him called him a serial entrepreneur, but didnt name the startups he was responsible for. Hill chief Irv Richter called Biden a good salesman and the firms Web site describes 40 years of experience dealing with principals in business, political, legal and financial circles across the nation and internationally.
(James Biden also had a relatively short and somewhat controversial run as a co-owner of a hedge-fund company with Joes son Hunter. The company, as it turns out, was marketed by companies controlled by now convicted Ponzi schemer Allen Stanford. Neither Biden was charged, but Stanford went to jail and the company is kaput.)
No, James Bidens obvious value comes from his connection to the Obama administration. Richter assures me that James ties to Joe played no part in landing the plum assignment in Iraq or any of the other government-related jobs Hill has received recently.
Really? Connect these dots: Both the Iraqi government and the Obama State Department played roles in helping Hill win the assignment, Richter concedes. And Joe Biden is President Obamas point man on Iraq a country where people expect politicians families to be taken care of.
Also key is TRAC Development, a South Korean firm that won the master contract for the Iraq work. And huh! James Biden and his wife were guests of President Obama and Michelle for last Octobers state dinner honoring the president of South Korea, Lee Myung-bak. All one big coincidence?
Well, Richter insists that, while Bidens name and connections might open doors when government business is on the line, that doesnt guarantee success. If he had the name Obama, he would get in the door easier, Richter joked. During this months vice-presidential debate, Joe Biden told Americans to just ignore all that stimulus money that went to administration-connected failures like Solyndra. Crony capitalism, he insisted, hardly exists with Joe Biden and Barack Obama watching the store.
Maybe thats why the veep, after making that dopey statement, was laughing so much that night.
Charles Gasparino is a Fox Business Network senior correspondent.
Missing in Action: Stimulus Sheriff Joe Biden
By Michelle Malkin - Oct 10, 2012
Copyright 2012, Creators Syndicate Inc.
Remember when President Obama bragged about Joe Bidens fiscal discipline creds in 2009? To you, hes Mr. Vice President, but around the White House, we call him the Sheriff, Obama warned government employees. Because if youre misusing taxpayer money, youll have to answer to him. Fast-forward to 2012. Call in the search teams. Since being appointed the nations stimulus spending cop, Sheriff Joe has taken a permanent donut break.
Hes AWOL on oversight. In fact, hes been bubble-wrapped, boxed and kept completely out of sight. The garrulous gaffe machine hasnt sat down for a national media interview in five months.
The Democrats trillion-dollar American Recovery and Reinvestment Act, however, keeps piling up waste, failure, fraud and debt. Who benefited most? Big government cronies. According to Investors Business Daily, a new analysis by Ohio State economics professor Bill Dupor reported that (m)ore than three-quarters of the jobs created or saved by Pres Obamas economic stimulus in the first year were in government.
Dupor and another colleague had earlier concluded that the porkulus was a predictable jobs-killer that crowded out non-government jobs with make-work public jobs and programs. Indeed, the massive wealth redistribution scheme destroyed/forestalled roughly one million private sector jobs by siphoning tax dollars to offset state revenue shortfalls and Medicaid increases rather than boost private sector employment.
Will this Keynesian wreckage come up during Biden's debates? It should be a centerpiece of domestic policy discussion. Nowhere is the gulf between Obama/Biden rhetoric and reality on jobs wider. Remember: Obamas Ivy League eggheads behind the stimulus promised that (m)ore than 90 percent of the jobs created are likely to be in the private sector. These are the same feckless economic advisers who infamously vowed that the stimulus would keep unemployment below 8 percent and that unemployment would drop below 6 percent sometime this year. Sheriff Joe rebuked the naysayers who decried the behemoth stimulus programs waste, fraud and abuse. You know what? They were wrong, he crowed.
Sheriff Biden was radio silent about the nearly 4,000 stimulus recipients who received $24 billion in Recovery Act funds while owing more than $750 million in unpaid corporate, payroll and other taxes. (Cash for Tax Cheats, anyone?)
He had nothing to say about:
<><> $6B in Homeowners' stimulus energy credits showered on nearly 1/3 of credit-claimers who had no record of homeownership, including minors and prisoners.
<><> $530 million dumped into profligate Detroit public schools for laptops and other electronics that had little, if any, measurable academic benefits.
<><> the whopping $6.7 million cost per job under the $50 billion stimulus-funded green energy loan program
<><> politically connected Green companies are now bankrupt---they took the money then went belly-up
<><> remember? Solyndra ($535M), Abound Solar ($400M), Beacon Power ($43M), A123 ($250M) and Ener1 ($119M).
<><> $1 million stimulus to Big Bird and Sesame Street $1 million stimulus to promote healthy eating,
<><> $1 million for a theoretical 1.47 jobs ($726,000 per job created.)
<><> hundreds of stimulus millions to govt GSA junkets in Las Vegas and Hawaii,
<><> hundreds of millions to ghost congressional districts, dead people, (family and friends?)
<><> 100's of millions for infrastructures to nowhere
<><> 100's of millions for Obama propaganda---road signs stamped with the shovel-ready logo.
Of course, theres no example of unfettered stimulus squandering more fitting than the one named after Keystone Fiscal Kop Joe Biden himself. Government-funded Amtraks Wilmington, Del., station raked in $20 million in recovery money after heavy personal lobbying by the states most prominent customer and cheerleader. In return, the station (which came in $6 million over budget, according to The Washington Times) renamed its facility after Biden. Bloated costs. Crony political narcissism. Glaring conflicts of interest. Monumental waste.
This is the Obama/Biden stimulus legacy bequeathed to our children and their grandchildren. Sheriff Joe and his plundering boss need to be run out of town on a rail.
SOURCE http://dyn.realclearpolitics.com/topic/v/Vice_President_/